Fatima seeks support for graduating countries from LDC

File Photo

DHAKA, Nov 7, 2020 (BSS)- Permanent Representative of Bangladesh to the
United Nations Ambassador Rabab Fatima has sought international support for
the countries including Bangladesh which have been graduating from the Least
Development Country (LDCs) category.

“The graduating and the graduated countries from the LDC categories need
extended international support to ensure their forward journey and prevent
any possible slide back,” she said.

Fatima made the remarks while delivering a statement at the High-Level
presentation of the Organisation for Economic Co-operation and Development
(OECD) publication, “Multilateral Development Finance 2020 (MDF)” held in New
York on Friday, according to a message received here today.

Highlighting some silver linings behind the current pandemic, she stressed
on the need for reform to remove the persistent weakness of the global
development finance system.

She further urged for ensuring additional finance for the LDCs and to
ensure their access to low-cost and low-risk sources of funding.

The UN representative noted that the importance of maintaining a balance
between development and humanitarian financing of the UN agencies.

Focusing on the importance of involvement of national governments in
Sustainable Development Goals (SDFGs) implementation, she urged the OECD
countries to leverage innovative financing, STI and emerging technologies for
meeting the ensuing resource gaps.

Rabab Fatima also underscored the important collective efforts for
eradicating of the climate vulnerabilities of the LDCs and other vulnerable

The report, published by the OECD, highlighted evolution of multilateral
development finance system, their sources of funding and their pattern of
financing throughout the world.

It also illustrated various challenges faced by the system and the
possible ways that can be pursued for their recovery.

The event was co-chaired by the Permanent Representatives of Switzerland
and Indonesia.

Among others, Permanent Representatives of Member States, Director OECD,
UN Assistant Secretary General, high-level dignitaries and experts attended
the event.